Common use of ISSUANCE OF INSTRUMENTS Clause in Contracts

ISSUANCE OF INSTRUMENTS. 8.1 Upon the conclusion of any agreement by the Issuer for the sale by it of any Instruments, the Issuer shall, as soon as practicable but in any event not later than 2.00 p.m. (London time) on the third London business day prior to the proposed issue date therefor: 8.1.1 confirm by fax or email the terms of such agreement to such Instruments are to be (i) Registered Instruments, the Fiscal Agent; (ii) VP Instruments, the VP Issuing Agent; (iii) VPS Instruments, the VPS Paying Agent; (iv) Swedish Instruments, the Swedish Issuing Agent; or (v) Finnish Instruments, the Finnish Issuing Agent (in each such case copied to the Fiscal Agent); 8.1.2 deliver a copy of the Final Terms in relation to the relevant Series, if such Instruments are to be (i) Registered Instruments, the Fiscal Agent; (ii) VP Instruments, the VP Issuing Agent; (iii) VPS Instruments, the VPS Paying Agent; or (iv) Swedish Instruments, the Swedish Issuing Agent; or (v) Finnish Instruments, the Finnish Issuing Agent (in each such case copied to the Fiscal Agent); and 8.1.3 ensure that there is delivered to the Registrar a stock of Registered Instruments (in unauthenticated form and with the name of the registered holder left blank but executed on behalf of the Issuer and otherwise complete) in relation to the relevant Series. 8.2 On or before the close of business on the second London business day prior to the Issue Date in relation to each Series (or in the case of non-syndicated issues, on or before 2.00 p.m. (London time) on the third London business day prior to the Issue Date), the Registrar shall authenticate and deliver to or to the order of the relevant depositary for Euroclear and/or Clearstream, Luxembourg the relevant Registered Instruments. 8.3 The Registrar shall hold in safe custody all Global Registered Instruments and Individual Instruments delivered to it in accordance with this Clause 8 and shall ensure that the same are authenticated and delivered only in accordance with the terms hereof. 8.4 The Registrar is authorised by the Issuer to authenticate such Registered Instruments as may be required to be authenticated hereunder by the signature of any of their respective officers or any other person duly authorised for the purpose by the Registrar. 8.5 If the Global Registered Instrument becomes exchangeable for Individual Instruments in accordance with its terms, the Registrar shall authenticate and deliver to each person designated by a Clearing System an Individual Instrument in accordance with the terms of this Agreement and the Global Registered Instrument.